Funding you earn now, next payment 04:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.38 per $10,000 · paid last 24h +0.107%
Price spread now: BloFin against Orderly−0.119%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.119% cheaper against Orderly than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_1000BONK_USDC | 0.000003372 | −0.0063 | get 0.0032% / 4h | 3h 58m | $29K | $40K | 20x |
| Short | BloFin 1000BONK-USDT | 0.000003368 | −0.0140 | pay 0.0070% / 4h | 3h 58m | $1.0M | $14.0M | 75x |
Orderly PERP_1000BONK_USDC
BloFin 1000BONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.17
- Price spread: −0.119% → 0.000%
- −$11.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.03
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 11 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 11 min ago | 2.98 bp | 10.9 bp −$11 | 20.7 bp −$207 | 61.5 bp −$6,148 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BONK on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000BONKUSDT | −0.0706% | 4h | 0.000003372 | −0.009% | $10.3M | $16.9M | 50x | as long as short |
| Coinbase International 1000BONK-PERP-INTX | −0.0376% | 1h | 0.000003361 | −0.326% | $43K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDTshort | −0.0140% | 4h | 0.000003368 | −0.119% | $1.0M | $14.0M | 75x | |
| Orderly PERP_1000BONK_USDClong | −0.0063% | 4h | 0.000003372 | long leg | $29K | $40K | 20x | |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003376 | +0.130% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003368 | −0.104% | $12K | $3K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −2.906% | $3K | $113 | 5.5x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0046% | 1h | 0.000003374 | +0.059% | $2K | $110K | 10x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003373 | +0.030% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003378 | +0.178% | $234K | $337K | 10x | as long as short |
Bybit 1000BONKUSDT
Coinbase International 1000BONK-PERP-INTX
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Injective BONK/USDC PERP
Deribit 1000BONK_USDC-PERPETUAL
Reya kBONKRUSDPERP
Lighter 1000BONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003372 | −0.012% | $65K | $251K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003371 | −0.030% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003375 | +0.093% | $15.5M | $53.1M | 75x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003376 | +0.119% | $2.5M | $7.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003372 | 0.000% | $724K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003373 | +0.030% | $9.9M | $6.7M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003373 | +0.021% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003371 | −0.030% | $4.2M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003372 | 0.000% | — | $6.5M | — | as long as short |
| Backpack kBONK_USDC_PERP | +0.0100% | 1h | 0.000003376 | +0.119% | $30K | $7K | 10x | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003368 | −0.117% | $302K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003368 | −0.119% | $57K | $703K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003373 | +0.044% | $19K | $106K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003380 | +0.237% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003375 | +0.089% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003373 | +0.030% | $92K | $153K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003374 | +0.056% | $22K | $3K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003370 | −0.059% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.032% | $564 | — | 100x | as long as short |
| Hyperliquid kBONK | +0.0574% | 1h | 0.000003380 | +0.237% | $9.9M | $7.5M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1474% | 1h | 0.000003380 | +0.223% | $207K | $156K | 50x | as long as short |
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Backpack kBONK_USDC_PERP
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Nado kBONK-PERP
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK
Kraken Futures PF_BONKUSD